Search Results: keywords:"housing credit agencies"

  • S. 4693 — To amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing.
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    Status:Introduced in Senate
    Words:3,274

    S. 4693, called the "Revitalizing Downtowns and Main Streets Act," aims to amend the Internal Revenue Code to provide a tax credit to encourage the conversion of non-residential buildings into affordable housing. The bill allows for a tax credit equal to 20% of conversion expenses for...

    Simple Explanation

    The "Revitalizing Downtowns and Main Streets Act" is a rule that gives money back, in the form of a tax credit, to people who change old office buildings into homes that people can afford, especially in areas that need more help. Basically, it wants to make sure there are more affordable places to live by giving a special "money reward" for turning empty offices into nice homes for people who don't earn a lot of money.

  • H. R. 893 — To amend the Internal Revenue Code of 1986 to provide a credit for working families housing development, and for other purposes.
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    Status:Introduced in House
    Words:16,266

    H.R. 893, known as the "Working Families Housing Tax Credit Act," aims to amend the Internal Revenue Code to offer tax credits for developing housing for working families, such as teachers, firefighters, and veterans. The bill sets out criteria and establishes guidelines for qualifying...

    Simple Explanation

    H.R. 893 is a plan to give special money bonuses to people who build homes for workers like teachers and firefighters, making it cheaper for them to live. It also sets aside extra money to help build roads and other important things near these homes, especially in countryside areas.